218.04 crore loan received by NRIs through NORKA

218.04 crore loan received by NRIs through NORKA
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Thiruvananthapuram: NORKA Roots, after Covid, has approved Rs 218.04 crore for 6010 loans to entrepreneurs to expatriates. Pravasi Security – Pearl, Pravasi Security – Micro and Pravasi Security – Mega loans were used to disburse 5010 loans, while more than 1000 ventures were started under the NDPREM program. Through NORKA’s One-Time Relief Fund for Returning Keralites, 4614 people received a total of 30 million.

Under the Pravasi Bhadratha Pearl loan program, Kudumbasree provided an interest-free loan of 44 million. The Pravasi Bhadratha micro scheme provided 90.41 million. NORKA provides capital subsidy as well as interest subsidy. Under the Pravasi Bhadratha mega scheme, a loan of 1.98 crore was granted. NORKA spent Rs 81.65 Crore on loans and Rs 19.3 Crore on subsidies under NDPREM Entrepreneurship Assistance Program.

NRI Security Pearl Loans through Kudumbasree CDS, Micro Loan through KSFE/Kerala Bank Branch and Mega Scheme via KSIDC. Apply for an NDPREM loan via the Norca Roots website www.norkaroots.org The Women’s Development Corporation will also be part of the NDPREM program this year. Norka Vanithamithram Entrepreneurship loan for women. This loan offers a great opportunity for women who are returning from overseas to start their own business with a 15% capital subsidy and an interest rate at 3%.

Women’s Development Corporation’s can also be reached at 0471 2454585 or 2454570, 9496015016, and Norka Roots’ Thiruvananthapuram head office at 0471 2770511. You can also reach us from overseas at 0091 880 20 123445 for missed calls. The NORKA website can be used to apply for financial assistance for treatment, marriage, and death.

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